Steps to consider to start and grow a company. Basics are provided to help entrepreneurs. Examples may relate to Biotech, Pharma and Medical Device businesses, but the ideas apply to most technology fields.

Wednesday, July 18, 2012

Entrepreneurs are Different from the Crowd

Entrepreneurs are often willing to stand out from the
crowd.Most do it with honor and
dignity. It is part of the startup
culture to be innovative and creative.To make things that may improve the lives of people all over the
world.It is no surprise that it is
risky to create a business starting from nothing.

Risks are common in everyday life.Taking risks comes with potential rewards; "the greater the risk the greater the reward."Some people are able to tolerate the risks better than others are.They see the end of the potential rewards of
developing a new company with novel and exciting products.They love the innovation and challenge of
doing something that make others cringe.

Without the entrepreneurs, you would not have a cell phone
with a multitude of capabilities.Your
TV set would contain a picture tube and flat screens would not exist. Discoveries for novel disease would not
continue in the numerous small companies.Cost of goods at the manufacturing level would remain high.Few companies would be seeking new forms of renewable
energy. Products created because of entrepreneurs
touch our everyday lives and make them better.

Innovation and entrepreneurship go hand in hand.The desires to create new products enhance
the innovative push in companies.The
competition to be first to market accelerates the development timelines and
attempts to capture market share first.

No wonder entrepreneurs have different personality traits.They see the glass as half-full or even
better seek ways to fill the half-full glass.They see problems and they see potential solutions.They have no fear of trying to develop the
solutions.OK, so they also want to make
money.That is capitalism at its
best.

So to all those entrepreneurs in the world, I say stand up
and be proud. Your efforts have the potential to make someone’s life just a bit
better.